Mercuria, Glencore explore Venalum aluminium smelter deal as Venezuela eyes production revival
Venezuela’s biggest aluminium smelter, Venalum, could be heading for a fresh start as Mercuria Energy Group Ltd. and Glencore Plc explore a potential deal that could bring new investment and operating expertise to the facility that has spent years producing only a fraction of its original capacity....
Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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China’s alumina production grows 4.9% Y-o-Y to 6.20 million tonnes in September 2021: SMM
According to the Shanghai Metals Market, China’s alumina production stood at 6.20 million tonnes in September 2021 (30 days), including 5.99 million tonnes of metallurgical grade alumina. On a month-on-month calculation, the production was down by 2.97 per cent from 6.39 million tonnes. But on a...
Primary aluminium production in China stands 3.72% lower M-o-M at 3.11 million tonnes in September 2021 (30 days)
Primary aluminium production in China dropped by 3.72 per cent month-on-month to 3.11 million tonnes in September 2021 (30 days). On a year-on-year calculation, the output fell marginally by 0.10 per cent, found the Shanghai Metals Market. Of this, liquid aluminium accounted for 64.6 per cent in...
Alumina price in China climbs RMB91/t to settle at RMB3884/t; A00 aluminium ingot price exceeds RMB23000/t yet again
The average alumina spot price in China has hiked by RMB 91 per tonne on Tuesday, October 12, following restraint at RMB 3,884 per tonne from October 8 to October 11. According to the Shanghai Metals Market, the increase has brought the alumina spot price to RMB 3,975 per tonne. In Henan and...
European aluminium strongly oppose suspension of long-overdue anti-dumping duties
The voice of the European aluminium value chain, European Aluminium Association hails the European Commission’s final confirmation of the definitive anti-dumping duties required to hinder the impact of Chinese dumping of flat-rolled products (FRPs) on the EU market. Correspondingly, European...
Primary aluminium inventories in China surge by 47,000 tonnes week-on-week to 862,000 tonnes: SMM
According to the Shanghai Metals Market on October 8, social inventories of primary aluminium increased by 47,000 tonnes to settle at 862,000 on the week across eight major consumption areas, along with SHFE warrants. The inventories increased across China. Last week on September 30, primary...
Aluminium billet inventories in China increased by 19,500 tonnes last week ended October 8
Aluminium billet inventories in China grew last week ended on Friday, October 8, by 19,500 tonnes across five major consumption areas, found the Shanghai Metals Market. That brought the aluminium billet stocks to 177,000 tonnes, primarily contributed by the inventory growth in Foshan. The increase...
A00 aluminium ingot price in China grows by RMB180/t over the weekend; Aluminium alloy(A356) price expands to RMB26,950/t
After remaining restrained on Friday at RMB 22,630 per tonne, A00 aluminium ingot price has opened the week on Monday, October 11, with a hike of RMB 180 per tonne to stand at RMB 22,810 per tonne, found the Shanghai Metals Market. The average prices are likely to range between RMB 22,790 per tonne...
Alumina Production in Shanxi suspended due to heavy rainfall
According to Shanghai Metal Market (SMM), the open-pit bauxite mines in the Jinzhong area of Shanxi were closed due to heavy rains. For alumina plants which use domestic bauxite were less than ten days. Due to the heavy rain roads were blocked, as a result of which the transportation efficiency of...
UK Trade Remedies Authority to investigate aluminium road wheels imports from China to decide anti-dumping duties
According to a recent report, the Trade Remedies Authority (TRA) of the United Kingdom will review aluminium road wheels imports from the People’s Republic of China. The objective is to evaluate whether anti-dumping duties are required to countervail imports to the UK or whether the domestic...
Shanghai Aluminum Industry Association joins ASI as a new Associations Member
On Monday, October 4, the Aluminium Stewardship Initiative announced the joining of the Shanghai Aluminum Industry Association to ASI as a new Associations Member, which brought the total number of ASI members to 198. The foundation of the Shanghai Aluminum Industry Association dates back to 1989....
Downstream Products Weekly Recap: Curtis brings victory to Oman Aluminium Rolling Company in the US trade case; AMAG Austria Metall AG extends contract with Chief Sales Officer Victor Breguncci for four years
The global aluminium industry's most crucial, downstream segment remained highlighted due to some of the potential news. The global law firm Curtis, which represents a number of international clients brought victory to Govt. of Oman and Oman Aluminium Rolling Company in the US trade case. Curtis...
Primary Aluminium Weekly Recap: China’s power shortage leading to aluminium production curb; Tom Dobbins resigns Aluminum Association as President and CEO
Right from Tom Dobbins’s resignation from the position as President and Chief Executive officer of the Aluminum Association to Hydro’s new Plant Manager appointment at Husnes smelter, the world primary aluminium sector has offered many important news this week. But the topmost of all is China’s...
Sri Lanka’s aluminium stranded wire import during 2019-20 mislays demand; 97% growth estimated for 2021
The island nation, Sri Lanka declared a state of economic emergency on 31st August 2021, as the country dry out of foreign exchange reserves for essential imports like food. The Central Bank of Sri Lanka is the foremost Asian central bank to increase policy rates after the Covid-19 pandemic in...
Sluggish downstream restocking leads to a marginal rise in China’s aluminium billet inventories this week; Future recovery looks prominent
According to the Shanghai Metals Market, aluminium billet inventories have grown marginally by 500 tonnes week-on-week across five major consumption areas to stand at 157,500 tonnes as of Thursday, September 30. Among all the major Chinese cities, Nanhai has contributed maximum to the growth in...
Primary aluminium inventories in China increases 26,000 tonnes week-on-week to 815,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium elevated by 26,000 tonnes to close at 815,000 tonnes on the week across eight major consumption areas, along with SHFE warrants. The increase was mostly due to Wuxi and Nanhai. Last week on September 23, primary...
China’s power shortage driving industries to dark, aluminium production suppresses
Electricity is an essentiality of human life and the world’s most populous country China is countering a power shortage. As of now, it is only known that Chinese aluminium smelters are curbing production, steel mills are closing down, while some cities are turning off street lights, as energy...
China’s aluminium foil exports record a 19% rise in August 2021 to 115,400 tonnes
According to China customs data, aluminium foil exports into China during August 2021 stood at 115,400 million tonnes, which reflected a month-on-month increase of 19.28 per cent and a year-on-year rise of 14.08 per cent. Top six importers of China’s aluminium foil include the United Arab Emirates,...
China to release 70,000 tonnes of aluminium from state reserves in the next round of auction
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round...
